Platte River Equity is pleased to announce the appointment of Richard Wood as Chief Executive Officer of PRV Aerospace, the parent company of its four aerospace operating companies. Richard brings more than two decades of management and manufacturing experience, including fourteen years in the aerospace industry, to the leadership of PRV Aerospace. He will provide strategic and operational leadership for PRV Aerospace, including the continued integration of the existing aerospace businesses and anticipated future acquisitions.
Richard joins PRV Aerospace having served as Group Vice President of Esterline Corporation, where he had responsibility for nine businesses with combined sales in excess of $350 million and more than 2,600 employees. These businesses included Esterline Sensors, Esterline Engineered Materials and Esterline Motion, each of which was a supplier of critical parts to the aerospace industry. Prior to joining Esterline, Richard served as Managing Director of the Weston Group, a subsidiary of The Roxboro Group PLC, where he integrated and managed a group of three aerospace sensor businesses: Weston Aerospace, Norwich Aero, and Pressure Systems Inc. Richard began his management career with AB Electronics.
“We are pleased to have attracted a person of Richard’s talents to lead PRV Aerospace,” said J. Landis Martin, Founder and Managing Director of Platte River Equity. “Richard will provide valuable leadership to our existing companies and the future acquisitions we expect to add to PRV Aerospace. We continue to seek to acquire successful aerospace component and assembly suppliers that provide highly engineered products and services and demonstrate compelling economic value for their customers.”
About Platte River Equity
Based in Denver, Colorado, Platte River Equity is a private equity investment firm that focuses on small and middle market operating companies. Utilizing the significant operating expertise of its principals, PRV serves as a value-added investor to its management partners. The firm pursues transactions in which it believes it can provide meaningful value to a company through the previous industry experience or other institutional expertise of its investment professionals. Specifically, the firm capitalizes heavily on the significant operating experience of its principals to serve as a value-added partner following the closing of its investments.